MN Firm Releases 403(b) Loan System

July 17, 2006 ( - 401kLoans, LLC launched a new product aimed at providing 403(b) loan origination and documentation for the not-for-profit qualified plan industry.

A news release from the St. Cloud, Minnesota-company said that the new service is called 403bLoans.

The automated process provides consistency and control to minimize errors, and, in addition, the compliant calculations and documentation minimize regulatory risk for plan administrators and plan sponsors, the announcement said.

More information can be found at or by contacting the company at 1-866-906-401k.